A Company Has a Market Value Per Share of $73

question 98

Multiple Choice

A company has a market value per share of $73.00.Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000.The company's price-earnings ratio is equal to:

• A)20.9
• B)4.2
• C)14.6
• D)20.0
• E)6.8

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